KLA-Tencor Corp (KLAC) : Highvista Strategies added new position in KLA-Tencor Corp during the most recent quarter end. The investment management firm now holds 205,906 shares of KLA-Tencor Corp which is valued at $14,059,262 , the company said in a statement filed on Aug 15, 2016 with the SEC.KLA-Tencor Corp makes up approximately 2.54% of Highvista Strategies’s portfolio.
Other Hedge Funds, Including , Verition Fund Management sold out all of its stake in KLAC during the most recent quarter. The investment firm sold 7,159 shares of KLAC which is valued $488,817.Pacad Investment Ltd. boosted its stake in KLAC in the latest quarter, The investment management firm added 14,187 additional shares and now holds a total of 29,487 shares of KLA-Tencor Corp which is valued at $2,013,372. KLA-Tencor Corp makes up approx 0.27% of Pacad Investment Ltd.’s portfolio.Cg Asset Management boosted its stake in KLAC in the latest quarter, The investment management firm added 3,500 additional shares and now holds a total of 13,480 shares of KLA-Tencor Corp which is valued at $1,037,960. KLA-Tencor Corp makes up approx 0.40% of Cg Asset Management’s portfolio. Quantres Asset Management Ltd added KLAC to its portfolio by purchasing 7,000 company shares during the most recent quarter which is valued at $532,420. KLA-Tencor Corp makes up approx 0.32% of Quantres Asset Management Ltd’s portfolio.
KLA-Tencor Corp opened for trading at $69.56 and hit $70.77 on the upside on Thursday, eventually ending the session at $70.74, with a gain of 2.14% or 1.48 points. The heightened volatility saw the trading volume jump to 19,35,572 shares. Company has a market cap of $11,035 M.
On the company’s financial health, KLA-Tencor Corp reported $1.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.35 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.42. The company had revenue of $919.17 million for the quarter, compared to analysts expectations of $842.10 million. The company’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS.
Many Wall Street Analysts have commented on KLA-Tencor Corp. Company shares were Upgraded by Cowen on Aug 29, 2016 to ” Outperform”, Firm has raised the Price Target to $ 80 from a previous price target of $79 .Company shares were Reiterated by Cowen on Jul 29, 2016 to “Market Perform”, Firm has raised the Price Target to $ 79 from a previous price target of $70 .
KLA-Tencor Corporation is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The Company’s products are also used in various other industries including the light emitting diode (LED) and data storage industries as well as general materials research. KLA-Tencor’s products and services are used by bare wafer integrated circuit (IC) lithography reticle and disk manufacturers around the world. These customers turn to the Company for inline wafer and IC defect monitoring review and classification; reticle defect inspection and metrology; packaging and interconnect inspection; critical dimension (CD) metrology; pattern overlay metrology; film thickness surface topography and composition measurements; measurement of in-chamber process conditions wafer shape and stress metrology; computational lithography tools and overall yield and fab-wide data management and analysis systems.